PPRuNe Forums - View Single Post - Pilot Jobs in New Zealand
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Old 18th Sep 2001, 09:17
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Join Date: Aug 1998
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Air New Zealand's two largest markets (by a huge margin) are the trans-Pacific flights to the US and the trans-Tasman flights to Australia.

Both markets were effectively closed to them over the last few days, and will suffer greatly in the long term. The airline itself requires a rescue package from Singapore (25% shareholder) and the NZ government. Singapore has the option to withdraw from that rescue package until October, and AirNZ may still find itself legally liable for $500 million in entitlements for Ansett workers - with it's market capitalization now below $500 million it is a very sick beast.

In short, the New Zealand pilot market (never very strong) is at its lowest ebb for some time.
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